Mortgage rates fall to new lows again

WASHINGTON – Average rates for 30-year and 15-year fixed mortgages fell to fresh lows this week.


Cheap mortgage rates have made home-buying and refinancing more affordable than ever for those who can qualify.

 

Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year loans ticked down to 3.83%. That's the lowest since long-term mortgages began in the 1950s. And it's below the previous record rate of 3.84% reached last week.

 

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